Beethoven X - November Town Hall
In this podcast, Beethoven X conducts a town hall with Souvlaki to discuss monthly performance reports, reliquary and boosted pool update, new social science study and more.
Read our notes below to learn more.
October Recap
FTX fallout caused a shockwave across the market.
Andre Cronje returned to Fantom then made an article about the treasury details of Fantom and other things.
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November Performance
Highest volume and fees since July.
The community voted to accept and go ahead with the formation of the Beethoven X non-profit LLC which is a huge milestone.
TVL Growth
TVL growth is driven by uncertainty around who is under the FTX contagion.
Swap Fees
$OP tokens for the month of November was just under 10,000 tokens which is approximately $10,000 of $OP incentives were issued.
Top Performing Pools - Fantom
Top Performing Pools - Optimism
BEETs Performance
Looking at the last 14 days of November, the performance of BEETs has been much stronger.
On the most recent 14 day chart, BEETs is outperforming Curve and is about on par with Uniswap.
Swap fee flow and assets held by treasury.
$24,000 of the net flow that went into Treasury DAO has gone into Steady Beets, Boosted pool.
On the October update, the treasury was down 12% and has recovered to 4%.
Protocol TVL
In the past 16 weeks, transparency is becoming a hot topic and more important.
Product Updates
Byte Masons is in the process of rolling out their first multi-strategy in the next few weeks.
Collaborated with 2 projects in Optimism over the last 6 weeks to get their contracts up and ready and prepare them to deploy additional pools.
Working on the front-end of the integration of Reliquary.
Other News
The problem that Balancer (Beethoven X is a friendly fork of Balancer) has is there’s a bunch of salaries that they need to pay and the money for that comes from the 25% of the protocol revenue.
New Social Science Study
There is a massive lack of studies in DeFi on what keeps users attached to protocols beyond financial incentives.
Sports and games are really good examples to understand the power of social bonding.
The concept of identity fusion helps explain what turns people into fans and what makes fans attached to their biases.
The feeling of being connected with others, taking care of others and being cared for by others within the community are creating the feeling of oneness.
It is about personal and social identities and perceives it as highly permeable.
They will use identity fusion to conduct a study on DeFi protocols and chains like Optimism to analyze the behavior of people.
Fostering user retention engagement is one of the things to do with this study.
Check out these important links
TODAY’S EDITION IS BROUGHT TO YOU BY LEDGER STAX WALLET
Ledger’s latest innovation, the Ledger Stax, is a credit card-sized hardware wallet complete with touchscreen and Bluetooth capabilities. Did we mention it’s designed by Tony Fadell, the creator of Apple’s original iPod?
Act now, click the link below and preorder the Ledger Stax to use crypto on the go.